I'll take 24/48 over 20/192 any day. 24-bit has 16 times the amplitude resolution as 20-bit
I would respectfully disagree, Johnny, and I certainly wouldn't apply that as a general rule. At best I think it would depend on the dynamic range of the music, and perhaps the high frequency content of the music as well. Yes 24-bit has 16 times the amplitude resolution of 20-bit, but 20-bit has a resolution of approximately 2^20 = 1 part in 1,048,576 = less than 0.0001%, assuming the bits are used effectively (i.e., assuming that some of them are not thrown away to provide overly conservative headroom in the recording process).
While on the other hand a 48kHz sample rate barely exceeds the theoretical minimum Nyquist rate (40kHz for a 20kHz signal bandwidth), and invites pretty much the same side effects of anti-aliasing and reconstruction filters which are generally recognized to have limited cd sound quality right from the start.
Regards,
-- Al